The $127 million refinance of Harbor Group International’s 200 Public Square office tower in downtown Cleveland, announced last Friday, is both one of the larger recent CRE refis and an exemplar of the current refi trend. The existing CMBS financing on the 45-story, 1,264,000-square-foot class A building was refinanced with a new 10-year CMBS loan provided by JPMorgan Chase. ...It’s hard to quantify, but there has indeed been a recent surge in refis, Ben Thypin, director of market analysis for Real Capital Analytics, told Commercial Property Executive. “There are a lot of loans maturing,” he said, typically five- and seven-year loans taken out during the active period before the recession.

Ben Carlos Thypin

I am currently the co-founder of Quantierra, the world's first data driven real estate brokerage and investment manager. In my former life as Director of Market Analysis at Real Capital Analytics, I worked with press outlets large and small to provide them with great data and insightful commentary. Here are some of the results of this collaboration. For the rest, please check out the News Archive.